At the end of 2015, I sent an email out for people to meet the end of year requirement for an auto mileage deduction.
Very few people clicked on it. Why. Because their brains are not in tax season yet!
Well, that will not be an excuse when your mileage deduction gets disallowed!
So here we are in January 2016 and now is the time to meet the beginning of the year requirement. The IRS requires these things in order to take a mileage deduction.
- A complete mileage log, showing odometer reading, date, miles, and purpose
- Beginning of year & ending year mileage
- Service records for beginning & ending of the year showing mileage
This is perhaps one of the biggest deductions that most people have in a home based business. But many people disregard getting the proper documentation, even when told about it.
So, get your oil changed NOW and get a service record with your mileage on it!
To get the best refund possible for your home based business taxes CLICK HERE
To see a webinar on all of the deductions available to you CLICK HERE
I do taxes for people in Mary Kay, Tastefully Simple, Young Living, Send Out Cards, World Ventures, Isagenix, Avon, Itworks, and many other direct sales businesses.
If you already have a tax person, but want to refer others, I pay $100 per referral. Email me at email@example.com